ADA Continues It’s Climb Into Alonzo

Market Research
Written By Guest User

With the Alonzo update’s release tomorrow, Cardano has had a slight breakout today in its ratio to Bitcoin.

ADA chart as of 8:35pm ET, 9/11/21.

ADA chart as of 8:35pm ET, 9/11/21.

While we are seeing slight dips in the short-term in reaction to Bitcoin price dips, ADA’s ratio to BTC seems to be continuing its overall uptrend.

This new update should provide the Cardano ecosystem with access to smart contract technology which will give it the ability to compete with other ecosystem coins such as Ethereum. This will pave the way for NFTs on ADA, other tokens being built on the ADA blockchain, and more!

Whether we continue to see upwards movement into tomorrow will largely be dependent on the success of the rollout, as well as overall market movement influenced by BTC price action.

Guest User
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